# Prof. Xavier Gabaix's research on CEO compensation was featured

1 Faculty News June 5, 2013 ![Business Insider logo](/sites/default/files/styles/246w/public/assets/images/business%20insider%20logo.jpg?itok=0MJSCdPh)>

Excerpt from [Business Insider](http://au.businessinsider.com/poor-guys-ceo-and-top-executive-pay-has-still-not-recovered-from-the-recession-2013-6) -- "In a followup to their 2008 paper on CEO compensation, [Xavier Gabaix](http://www.stern.nyu.edu/faculty/bio/xavier-gabaix), Augustin Landier, and Julien Sauvagnat just released a paper looking at how CEO compensation decreased and rebounded as a result of the crisis...During the crisis (2007 – 2009), average total firm value decreased by 17%, and CEO pay decreased by 28%. During 2009-2011, we observe a rebound of firm value by 19% and of CEO pay increased by 22%."

[Read more](http://au.businessinsider.com/poor-guys-ceo-and-top-executive-pay-has-still-not-recovered-from-the-recession-2013-6)